Lack of liquidity if you're swing trading a simple $1m long/short portfolio of small and midcaps? Please.
Many of these stocks are turning over >$1m a day each stock individually, so easy to get in and out with baskets of a couple dozens of them if you're not day trading.
Market inefficiencies tend to gain strength during big economic dislocations. As long as your broker(s) stay afloat, you should do very well as a trader.
$150m in 2005. This sounds MUCH MUCH more realistic. Also consider he was divorced twice; not sure how costly that was for him.
http://www.elitetrader.com/vb/showthread.php?threadid=64746
LOL that's funny. I saw an interviews a couple weeks ago where he said he has spread his money around 3 brokers world wide but refused to name them. I guess UBS was one of them.
I might be wrong on this one, but I don't think Lightspeed is a multi-asset multi-currency broker that lets you trade stocks, FOREX, stock index & commodity futures, options, future options etc. in one account.
IB offers a simple API; one easy way to access it is through Excel.
I can adjust/submit 100 orders from Excel with the click of a button. Doesn't get much faster than that (for a retail trader).